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Mortgage Application Check List
Be Prepared
When you are ready to apply, please be prepared to provide the
following application and property documentation to your loan officer:
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For Home Purchase Loans: sales contract with original signatures along with a copy of any earnest money check paid for deposit toward the home purchase.
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For Refinance Loans: a copy of the warranty deed and any current mortgage and/or bill payoff information (copies of last statements). A copy of the current tax and home insurance expenses along with a copy of the survey and owner's title insurance policy.
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Residency: If you have been renting within the last two years:
a. Complete address
b. Landlord information (Name, address, and phone)
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Employment: Name(s), address(es), and phone numbers of all employers for the past two years.
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Relocation: Copy of employer's relocation agreement.
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Income:
a. Past two years W-2 or 1099 forms.
b. Past two years tax returns for any persons who are self-employed, commissioned, or using
bonus or investment income to qualify, and a year-to-date profit and loss statement.
c. Last 30 days period of pay stubs (including bonus and/or commission pay).
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Current Liabilities:
a. Current balance and minimum monthly payments.
b. If recently paid off, then copy of the payoff statement.
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Divorce or Separated Persons: Complete divorce petition and signed, recorded final decree
and/or separation agreement.
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Rental Properties: Copies of current leases and tax returns.
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VA Loans: Copy of dd214's and certificate of eligibility.
| WHAT TO DO WHEN YOU CAN’T FIND REQUIRED EXHIBITS: |
| LOST BANK STATEMENTS |
LOST W-2’S |
| Request a verification letter on bank letterhead, signed by a Bank Official. The verification letter should verify all name(s) on the account, account number, date the account was opened, current balance and a two (2) month average balance. |
Your employer is required to keep copies of W-2 forms for seven (7) consecutive years. Request duplicate copies from your employer. |
LOST HUD-1 CLOSING
SETTLEMENT
STATEMENT FROM SALE OF
PREVIOUS REAL ESTATE |
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LOST PAY STUBS
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| Request from your employer a duplicate copy of your paystubs or a payroll printout for the most current 30 days. If your employer does not issue paystubs, obtain a copy of the payroll ledger and cancelled checks for the most current 30 days. In the case of the employee bonuses, overtime or commissions, obtain a signed letter from your employer on company letterhead. This letter should verify the actual amount of commissions, overtime and/or bonuses paid to you for the most current and consecutive two-year period. |
Request a copy of the closing statement from the closing agent (Attorney and/or Title Company) that closed the previous sale. |
| LOST DIVORCE DECREE |
| Request a copy from the Attorney that handled your divorce or obtain a copy from the County. |
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